Segway Inc.

Last updated

Segway Inc.
Type Subsidiary
Industry Personal transporters and robotics
FoundedJuly 27, 1999;24 years ago (1999-07-27) [1]
Founder Dean Kamen
Headquarters Beijing, China
Key people
Wang Ye (CEO)
Dean L. Kamen (Founder)
Alex Chen Huang (President)
Tony Ho (US Vice President Robotics and Business Development)
Gao Lufeng (Chairman) [1]
Owner Ninebot
Website www.segway.com
Footnotes /references
Www.ninebot.com

Segway Inc. is a Chinese owned, formerly American manufacturer of two-wheeled personal transporters, chiefly through its Segway PT and Segway miniPro product lines. Founded by inventor Dean Kamen in 1999, the company's name is a homophone of the word "segue".

Contents

Segway Inc. was headquartered in the U.S. state of New Hampshire and primarily marketed its products to various niche markets, including police departments, military bases, warehouses, corporate campuses, and industrial sites. It has held some key patents on designs for self-balancing personal transporters, although some of them have since expired. Since the Chinese company Ninebot acquired it in 2015, Segway has focused on developing a stronger presence in the consumer market with smaller products such as the Segway miniPro.

History

Origins

Segway used by three policemen in Germany Segway Polizei 4.jpg
Segway used by three policemen in Germany

The first patent by Dean Kamen for a self-balancing transportation device was filed on February 23, 1993, and granted on December 30, 1997, in relation to the iBOT, a self-balancing wheelchair which he developed at DEKA, a company that he had founded in 1982. [2] That patent has since expired, [2] although it was followed by various others, and some patents assigned to the company have not yet expired (as of early 2019). [3]

Development of the iBOT started in 1990 with the first working prototypes available in 1992. In late 1994, DEKA signed a deal with Johnson & Johnson to manufacture the unit, with Johnson & Johnson paying for all subsequent R&D with DEKA received a smaller royalty fee than normal in return for their retaining rights to all non-medical applications of the technology. The iBOT was revealed to the public on Dateline NBC in a segment by John Hockenberry on June 30, 1999. [4] [5]

Independent years

Segway Inc. was founded in July 1999 to develop non-medical applications for the self-balancing technology, and the Segway PT, a two-wheeled personal transporter, was launched in December 2001, [6] with first deliveries to customers in early 2002.

When it was launched in December 2001, the annual sales target was 40,000 units, [7] and the company expected to sell 50,000 to 100,000 units in the first 13 months. [8] By 2003, the company had sold 6,000 units, and by September 2006 approximately 23,500, [9] when all units sold up to that point were recalled [9] due to a software glitch that could cause the units to reverse, potentially causing riders to fall off. [10] In a March 2009 interview, a company official said the firm "has shipped over 50,000" Segway PTs. [11]

Segway Inc's investors remained optimistic. Dean Kamen predicted that the Segway "will be to the car what the car was to the horse and buggy" [12] and John Doerr, a venture capitalist who invested in the company, [13] predicted that Segway Inc would be the fastest company to reach US$1 billion in sales. [12]

By 2007, cumulative sales were 30,000 units. [13] Critics pointed to Segway Inc's silence over its financial performance as an indication that the company was still not profitable, following expenditure of some US$100 million developing the Segway PT. [12]

In 2009, General Motors announced that it was building a prototype two-seat electric vehicle with Segway. An early prototype of the Personal Urban Mobility and Accessibility vehicle, dubbed Project P.U.M.A., was demonstrated in New York a day ahead of the press previews for the 2009 New York International Auto Show. [14] [15] At Expo 2010 in Shanghai, the successor was presented, the "EN-V project". [16]

James Norrod served as the President and Chief Executive Officer of Segway Inc. from April 2005 to January 2010 and steered the sale of the company to a group led by British millionaire Jimi Heselden, chairman of Hesco Bastion in December 2009. [17] After the sale, Dean Kamen was no longer involved with the company. Ten months after buying the company, Heselden died after he accidentally drove a Segway off a cliff. [18] [19] [20] [21]

In February 2013, Summit Strategic Investments, LLC, announced it had acquired the company for $9 million, saying that it planned to refocus, grow its product portfolio and expand its worldwide network. In September 2014, Segway filed a complaint with the United States International Trade Commission about the infringement of several of its patents by several Chinese companies, including Ninebot, Shenzhen INMOTION Technologies and Robstep Robot. [22] Two years later, on April 1, 2015, Summit Strategic Investments sold the company for more than $75 million. [23]

Subsidiary of Ninebot

On April 1, 2015, Segway was acquired by Ninebot Inc., a Beijing-based transportation robotics startup that had raised $80M USD from Xiaomi and Sequoia Capital. [24]

In May 2016, it was announced that the Segway miniPRO, a smaller self-balancing scooter, would be launched in June that year. [25]

In June 2018, after initially announcing that production of the Segway PT would move from Bedford, New Hampshire to China, the company decided to keep most of its production in its New Hampshire facility. [26] [27]

On July 15, 2020, Ninebot ceased production of the Segway PT and laid off the 21 employees working at the Bedford, New Hampshire plant. [28]

Pivot to E-bikes and becoming major shareholder of Sur-ron ebikes

In 2019, Sur-Ron, a privately held company, announced major investments from Segway with plans to design an ebike for Segway and off-road motorcycles. [29] The Segway dirt e-bike model x260 and x160 were officially revealed at the SEMA 2019 show. [30]

Robotic Mower

In 2021, Segway introduced the Navimow Segway, an autonomous robotic lawn mower which operates using GPS and eliminates the dependency on perimeter wiring. The product has experienced many issues which seems to be software related. [31]

Products

As of August 2018:

Products branded 'Segway'
Products branded 'Ninebot by Segway'

Products branded Navimow Segway

Segway Powersports

See also

Related Research Articles

<span class="mw-page-title-main">Dean Kamen</span> American businessman

Dean Lawrence Kamen is an American engineer, inventor, and businessman. He is known for his invention of the Segway and iBOT, as well as founding the non-profit organization FIRST with Woodie Flowers. Kamen holds over 1,000 patents.

<span class="mw-page-title-main">Segway</span> Dicycle

A Segway is a two-wheeled, self-balancing personal transporter device invented by Dean Kamen. It is a registered trademark of Segway Inc. It was brought to market in 2001 as the Segway HT, and then subsequently as the Segway PT.HT is an initialism for "human transporter" and PT for "personal transporter."

<span class="mw-page-title-main">Bedford, New Hampshire</span> Town in New Hampshire, United States

Bedford is a town in Hillsborough County, New Hampshire, United States. At the 2020 census, the population was 23,322, reflecting a growth of 10% from 2010. Bedford is a suburb of Manchester, New Hampshire's largest city.

<span class="mw-page-title-main">Electric unicycle</span> Self-balancing single wheel personal transporter

An electric unicycle is a self-balancing personal transporter with a single wheel. The rider controls speed by leaning forwards or backwards, and steers by twisting or tilting the unit side to side. The self-balancing mechanism uses accelerometers, gyroscopes, and a magnetometer. In 2020, suspension models were introduced by three major manufacturers: Begode, Kingsong and Inmotion.

iBOT Powered wheelchair

The iBOT is a powered wheelchair that uses gyroscopic technology to provide multiple operating modes for varied indoor and outdoor terrain.

<span class="mw-page-title-main">DEKA (company)</span> American technology company

DEKA Research & Development Corporation is a technology company based in New Hampshire, U.S., founded in 1982 by Dean Kamen, consisting of nearly 400 engineers, technicians, and support staff. DEKA is an acronym derived from Dean Kamen. The company is located in a series of old Amoskeag Falls Millyard buildings in Manchester, New Hampshire; Kamen has real estate investments in the neighborhood beyond DEKA offices, contributing to revitalization of the neighborhood along with other major investors.

<span class="mw-page-title-main">Timeline of United States inventions (after 1991)</span>

A timeline of United States inventions encompasses the ingenuity and innovative advancements of the United States within a historical context, dating from the Contemporary era to the present day, which have been achieved by inventors who are either native-born or naturalized citizens of the United States. Patent protection secures a person's right to his or her first-to-invent claim of the original invention in question, highlighted in Article I, Section 8, Clause 8 of the United States Constitution which gives the following enumerated power to the United States Congress:

To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries.

<span class="mw-page-title-main">Dicycle</span> Vehicle with two parallel wheels

A dicycle is a vehicle with two parallel wheels, side by side, unlike single-track vehicles such as motorcycles and bicycles, which have two wheels inline. Originally used to refer to devices with large wheels and pedals, the term is now used in relation to powered self-balancing scooters with smaller wheels and no pedals such as the Segway PT and the self-balancing hoverboard.

<span class="mw-page-title-main">Valence Technology</span>

Valence Technology, Inc. was a company that developed and manufactured lithium iron phosphate cathode material as well as lithium ion battery modules and packs. The modules come in 12 V, 18 V, 24 V, and 36 V configurations. Valence's products are used in electric vehicle and plug-in hybrid electric vehicles (PHEVs) such as cars, scooters, motorbikes, and commercial vehicles such as buses, delivery vans and trucks. Valence batteries are also used in wheelchairs, medical carts, robotics, marine, rail, as well as stationary applications such as remote power, uninterruptible power supply (UPS), energy storage systems, frequency regulation and switching gear.

Slingshot is a water purification device created by inventor Dean Kamen. Powered by a Stirling engine running on a combustible fuel source, it claims to be able to produce drinking water from almost any source by means of vapor compression distillation, requires no filters, and can operate using cow dung as fuel.

James William "Jimi" Heselden OBE was an English entrepreneur. A former coal miner, he became wealthy by manufacturing the Hesco bastion barrier system. In 2009, he bought Segway Inc. He died in 2010 from injuries sustained falling from a cliff while riding his own Segway PT.

Razor USA LLC, better known as Razor, is an American designer and manufacturer of manual and electric scooters, bicycles, and personal transporters. The company was founded in Cerritos, California in 2000 by Carlton Calvin and the JD Corporation. Razor also owns the RipStik, Sole Skate, and Pocket Pros brands.

<span class="mw-page-title-main">Marc Hodosh</span> American entrepreneur

Marc Hodosh is an American entrepreneur who formerly owned, co-created and hosted the TEDMED conference. In September 2019, Marc Hodosh and Dr. Sanjay Gupta announced a new event called Life Itself, set to launch in 2021 in partnership with CNN. Both Gupta and Hodosh will serve as hosts and organizers.

<span class="mw-page-title-main">Honda UNI-CUB</span> Personal Mobility Device by Honda

The Honda UNI-CUB is a concept 2-axis self-balancing personal transporter for use in barrier-free indoor environments, and shown at the Osaka Motor Show 2013.

<span class="mw-page-title-main">Self-balancing scooter</span> Battery-powered electric vehicle

A self-balancing scooter is a self-balancing personal transporter consisting of two motorized wheels connected to a pair of articulated pads on which the rider places their feet. The rider controls the speed by leaning forward or backward, and direction of travel by twisting the pads.

<span class="mw-page-title-main">Ninebot</span>

Ninebot is a leading manufacturer of electric short-distance transportation devices in China. With a focus on innovation in the field of short-distance transportation and robotics, Ninebot offers a wide range of electric vehicles, including electric bicycles, balance scooters, electric skateboards, and more. The company has four independent brands and a customized brand, all designed to simplify human and cargo mobility. They offer a variety of products and services, such as electric vehicles, balance.

<span class="mw-page-title-main">Personal transporter</span> Ridable small motorised road vehicles

A personal transporter is any of a class of compact, mostly recent, motorised micromobility vehicle for transporting an individual at speeds that do not normally exceed 25 km/h (16 mph). They include electric skateboards, kick scooters, self-balancing unicycles and Segways, as well as gasoline-fueled motorised scooters or skateboards, typically using two-stroke engines of less than 49 cc (3.0 cu in) displacement. Many newer versions use recent advances in vehicle battery and motor-control technologies. They are growing in popularity, and legislators are in the process of determining how these devices should be classified, regulated and accommodated during a period of rapid innovation.

<span class="mw-page-title-main">Lime (transportation company)</span> American micromobility company

Neutron Holdings, Inc., doing business under the name Lime, formerly LimeBike, is a transportation company based in San Francisco, California. It runs electric scooters, electric bikes and electric mopeds in various cities around the world. The system offers dockless vehicles that users find and unlock via a smartphone app that knows the location of available vehicles via GPS.

Xiaomi Smart Home Products are products released by third-party manufacturers who have partnered with Xiaomi. These products are managed by Xiaomi Home app.

References

  1. 1 2 "Company Overview of Segway Inc". Bloomberg.
  2. 1 2 US patent 5,701,965 Human transporter , now expired
  3. ↑ "Segway Patent Information" (PDF). Segway Inc.
  4. ↑ "The iBOT". msu.edu. Retrieved June 2, 2016.
  5. ↑ Kemper, Steve (2003). Code Name Ginger: The Story Behind Segway and Dean Kamen's Quest to Invent a New World. Harvard Business Press. p. 53. ISBN   9781578516735.
  6. ↑ Machrone, Bill (December 3, 2001). "Ginger Unveiled-It's a Scooter!". Extremetech.com. Retrieved March 11, 2009.
  7. ↑ Sovich, Nina (April 1, 2004). "Segway Slump". CNN. Retrieved March 11, 2009.
  8. ↑ "Segway sales fall far short - ZDNet.co.uk". News.zdnet.co.uk. September 29, 2003. Archived from the original on January 15, 2010. Retrieved March 11, 2009.
  9. 1 2 "Segway Recalls All 23,500 Scooters Sold to Date". CIO. September 15, 2006. Retrieved August 4, 2009.
  10. ↑ "Segway recalls 23,500 scooters". CNN . September 14, 2006. Retrieved August 4, 2009.
  11. ↑ "Segway, GM roll out 'smart' vehicle". UnionLeader.com. April 8, 2009. Retrieved October 17, 2009.
  12. 1 2 3 Regan, Michael P. (May 30, 2006). "Segway sets course for stock market". USA Today. Retrieved March 11, 2009.
  13. 1 2 Schroter, Wil (July 9, 2007). "When To Dump That Great Idea". Forbes . Archived from the original on October 30, 2008. Retrieved March 11, 2009.
  14. ↑ Shepardson, David; Priddle, Alisa (April 7, 2009). "GM to roll out two-seat, urban electric prototype". The Detroit News. Retrieved April 7, 2009.
  15. ↑ Terlep, Sharon (April 7, 2009). "GM, Segway to Make Vehicle". The Wall Street Journal. Retrieved April 7, 2009.
  16. ↑ "The EN-V Project – Segway Advanced Development". Segway. Archived from the original on November 28, 2010.
  17. ↑ Hachman, Mark (January 18, 2010). "Segway Quietly Sold; Dealers Remain Optimistic - Reviews by PC Magazine". Pcmag.com. Retrieved January 29, 2010.
  18. ↑ "Segway boss Jimi Heselden dies in scooter cliff fall". BBC News. September 27, 2010. Retrieved April 26, 2023.
  19. ↑ "Segway boss died in 'act of courtesy'". BBC News Online . July 15, 2011. Retrieved January 8, 2020.
  20. ↑ "Segway company owner rides scooter off cliff, dies". NBC News . Retrieved February 3, 2022. A British businessman, who bought the Segway company less than a year ago, died after riding one of the scooters off a cliff and into a river near his Yorkshire estate.
  21. ↑ "Inquest into Segway head's death". BBC News. October 4, 2010.
  22. ↑ United States International Trade Commission: "Complaint of Segway Inc. and Deka Products Limited Partnership under Section 337 of the Tariff Act of 1930, as Amended." 9 September 2014. Available on Segway's website Archived May 1, 2015, at the Wayback Machine .
  23. ↑ McFarland, Matt (October 30, 2018). "Segway was supposed to change the world. Two decades later, it just might". cnn.com. CNN.
  24. ↑ Catherine Shu: "Beijing-based Ninebot Acquires Segway, Raises $80M From Xiaomi And Sequoia", TechCrunch , 15 April 2015.
  25. ↑ "Segway pounces on hoverboard market". Boston Globe. May 14, 2016.
  26. ↑ Cousineau, Michael (June 26, 2018). "Segway production moving from Bedford to China, layoffs anticipated". New Hampshire Union Leader . Manchester, New Hampshire . Retrieved June 27, 2018.
  27. ↑ "Segway says most of its production will remain in Bedford". Manchester, New Hampshire. June 26, 2018. Retrieved June 26, 2018.
  28. ↑ McFarland, Matt (June 23, 2020). "The Segway is officially over". cnn.com. CNN. Retrieved June 23, 2020.
  29. ↑ "Sur Ron clarifies Segway electric dirt bike, promises 2020 surprises". electricbike. Retrieved September 17, 2021.
  30. ↑ "segway-ninebot-took-sema-2019-by-storm-". segway. November 25, 2019. Retrieved September 17, 2021.
  31. ↑ "Segway Navimow H500e Test – Konkludenz".
  32. ↑ "Segway I2 SE". Segway Inc. Retrieved July 13, 2017.
  33. ↑ "Segway x2 SE". Segway Inc. Retrieved July 13, 2017.
  34. ↑ "Segway SE 3". Segway Inc. Retrieved July 13, 2017.
  35. ↑ "Meet Loomo". Segway Robotics. Retrieved July 13, 2017.
  36. ↑ "Segway Drift W1". Segway Inc. Retrieved August 24, 2018.
  37. ↑ "Ninebot by Segway E+". Segway Inc. Retrieved July 13, 2017.
  38. ↑ "Segway miniPro". Segway Inc. Retrieved July 13, 2017.
  39. ↑ "Ninebot S".
  40. ↑ "Segway S-PLUS".
  41. ↑ "Ninebot by Segway One S2". Segway Inc. Retrieved July 13, 2017.
  42. ↑ "Ninebot by Segway One E+". Segway Inc. Retrieved July 13, 2017.
  43. ↑ "Ninebot by Segway ES2". Segway Inc. Retrieved August 24, 2018.
  44. ↑ "Ninebot Kickscooter MAX". Segway. Retrieved February 23, 2022.
  45. ↑ "Ninebot F series".
  46. ↑ "Ninebot GT series".
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.